Services-In-Kind Opportunities
Services-In-Kind are defined as:
- Non-cash services (e.g. pro-bono agreements and third-party services).
- Require a formal agreement.
- If the opportunity is reported as in-kind support, a value must be assigned.
- Often requires a formal application process.
- No charitable tax receipt issued.
If we have an agreement that meets the criteria above, use the Services-in-Kind opportunity record type:
- Project to provide project specialist with an amount and date by which we expect the services to be completed. Project specialist to pass information on to coordinator.
- Coordinator will create the Services-in-Kind opportunity
- Coordinator creates a task for themself to follow up with the project or project specialist once the close date is reached. If the services have been completed, the payment can be submitted.
- The project should provide documentation of some kind indicating that the services have been provided. Coordinators will save this documentation on the opportunity.
- Submit payments to Irene, even if she is not the finance lead for the project
- Services-in-Kind are designed so that marking them as paid will NOT result in a financial transaction in NetSuite (since there is no financial transaction)
- Irene will let Emily Wang know to mark the payment as paid to complete the records